US Foods (NYSE:USFD) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of US Foods (NYSE:USFD) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

USFD has been the topic of several other research reports. Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price on the stock. Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Truist Financial upped their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley upped their price target on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $71.09.

US Foods Stock Performance

Shares of NYSE:USFD opened at $64.36 on Friday. The business’s fifty day moving average price is $68.85 and its two-hundred day moving average price is $66.18. US Foods has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, analysts predict that US Foods will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock bought 4,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Several large investors have recently modified their holdings of the business. Legacy Wealth Asset Management LLC increased its holdings in shares of US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after acquiring an additional 160 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of US Foods by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock worth $4,549,000 after acquiring an additional 170 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of US Foods by 0.3% in the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after acquiring an additional 171 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after acquiring an additional 178 shares in the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

About US Foods

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.